Malaysia: Market for Flours, Meals And Pellets Of Fish 2024

Market Size for Flours, Meals And Pellets Of Fish in Malaysia

The Malaysian fish meals and pellet market skyrocketed to $X in 2021, picking up by 15% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded significant growth. Fish meals and pellet consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Exports of Flours, Meals And Pellets Of Fish

Exports from Malaysia

In 2021, shipments abroad of flours, meals and pellets of fish increased by 39% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports enjoyed a strong increase. The growth pace was the most rapid in 2020 when exports increased by 176% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, fish meals and pellet exports fell to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 189%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X tons) was the main destination for fish meals and pellet exports from Malaysia, accounting for a 53% share of total exports. Moreover, fish meals and pellet exports to Thailand exceeded the volume sent to the second major destination, Indonesia (X tons), twofold. The third position in this ranking was taken by Brunei Darussalam (X tons), with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Thailand stood at +105.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+14.4% per year) and Brunei Darussalam (+0.7% per year).

In value terms, the largest markets for fish meals and pellet exported from Malaysia were Thailand ($X), Brunei Darussalam ($X) and Indonesia ($X), with a combined 71% share of total exports.

In terms of the main countries of destination, Thailand, with a CAGR of +94.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average fish meals and pellet export price stood at $X per ton in 2021, waning by -35.1% against the previous year. Overall, the export price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2016 an increase of 58% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Singapore ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Fish

Imports into Malaysia

In 2021, the amount of flours, meals and pellets of fish imported into Malaysia surged to X tons, rising by 17% on 2020. Over the period under review, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2013 when imports increased by 224% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, fish meals and pellet imports soared to $X in 2021. Overall, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2014 when imports increased by 171% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Thailand (X tons), Indonesia (X tons) and Myanmar (X tons) were the main suppliers of fish meals and pellet imports to Malaysia, with a combined 84% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +44.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fish meals and pellet suppliers to Malaysia were China ($X), Thailand ($X) and Indonesia ($X), with a combined 83% share of total imports.

In terms of the main suppliers, Indonesia, with a CAGR of +54.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average fish meals and pellet import price amounted to $X per ton, picking up by 24% against the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fish meals and pellet import price decreased by -3.5% against 2019 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 35% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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